A former executive at one of Ponzi schemer R. Allen Stanford’s financial firms has agreed to pay the U.S. Securities and Exchange Commission nearly $3.9 million to settle claims related to his role in the fraud, according to a Friday decision by the regulator.

Jay T. Comeaux, shuttered Stanford Group Co.’s onetime president and executive director, will pay $3.1 million in disgorgement, $495,000 in interest and a $289,000 penalty under the agreement. The sum of the ill-gotten gains he must repay is about $300,000 lower than…

A Colorado billionaire who won a jury trial in an $88 million clawback suit aimed at recovering money invested in R. Allen Stanford’s $7 billion Ponzi scheme told a Texas federal judge on Wednesday the receiver for the fraud continues to use arguments rejected previously to force a judgment against him.

Billionaire Gary Magness said Ralph S. Janvey continues to claim it would not have been futile to investigate the source of $88.2 million in loans received from a bank affiliated with the scheme, despite multiple…

In 2012, a jury convicted R. Allen Stanford of one count of conspiracy to commit wire fraud and mail fraud in violation of 18 U.S.C. §§ 1341, 1343, and 1349; four counts of wire fraud in violation of 18 U.S.C. §§ 1343 and 2; five counts of mail fraud in violation of 18 U.S.C. §§ 1341 and 2; one count of conspiracy to obstruct a Securities and Exchange Commission (“SEC”) investigation in violation of 18 U.S.C. §§ 1505 and 371; one count of obstruction of an SEC investigation in violation of 18 U.S.C. §§ 1505 and 2; and one count of conspiracy to commit money laundering in violation of 18 U.S.C. § 1956(h). The United States District Court for the Southern District of Texas sentenced Stanford to a term of 110 years in prison, and the United States Court of Appeals for the Fifth Circuit unanimously affirmed the District Court’s judgment. Stanford then filed a petition for writ of certiorari in the United States Supreme Court. On November 28, 2016, the Supreme Court denied Stanford’s petition, thus upholding his 2012 conviction.

On August 10th, 2016, the Receiver filed his 4th Schedule of distribution payments under the 2nd Interim Distribution Plan with the United States District Court for the Northern District of Texas, Dallas Division. The 4th Schedule will be followed by others, each of which will be submitted by the Receiver on a rolling basis.